deloitte australia cleantech (dact) index

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Deloitte AustraliaCleanTech (DACT) Index May 2021

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Contents

Executive summary 03

The CleanTech Sector in Australia 04

Market wrap – 31 March 2021 05

Focus Company: Sims Limited 06

Positive contributions to the DACT 07

Negative contributions to the DACT 08

Sub-Indices Performance 09

DACT20 Index 10

Constituent Companies 11

Compilation of the DACT 15

Contact us 16

May 2021, Issue 9

Deloitte Australia CleanTech Index

Published quarterly by Deloitte

Brought to you by:

John O’Brien

Partner | Financial Advisory

CleanTech Specialist

Tel: +61 419 826 372

e-mail: [email protected]

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The Deloitte Australia

CleanTech (DACT) Index is a

quarterly review of cleantech stocks

listed in Australia and was launched

in 2008. It is compiled from publicly

available information provided by

the Australian Securities Exchange

(ASX). The DACT Index is based on

the market capitalisation weighted

share price performance of listed

companies that operate across a

number of defined sub-sectors.

The impact of dividends and capital

returns are excluded from the

Index, which currently comprises 89

companies.

During this quarter, Australia’s

economic bounce-back from the

COVID-19 pandemic continued.

The ASX200 grew by a modest

3.1% compared to 13.3% last

quarter. The DACT Index

contracted by 4.6%, however this is

largely a result of Meridian Energy’s

quarterly performance (see Table

3).

The 12 month performance of the

DACT remained strong, with an

impressive 64.8% improvement

from the previous year. Meanwhile,

the ASX200 expanded by 33.8%

from this time last year. This

demonstrates the continued

resilience of the cleantech sector

over the long-term.

A comparison of the five year

performance of the DACT and

ASX200 paints an even more

promising picture. The DACT has

seen a growth of 105% compared

to the ASX200’s growth of 42.3%.

To provide an analysis of the DACT

Index, a number of sub-indices

have been developed.

The sustainable minerals sub-index

was the strongest performing sub-

index recording an impressive

43.7% growth over the last quarter,

followed by the water sub-index

with a 14.1% improvement.

Notably, the 5-year performance of

the water sub-index boasts a

124.8% gain, and the waste and

renewable energy sub-indices have

recorded a 106.8% and 100% gain

respectively.

The DACT Index combined market

capitalisation after its rebalance of

89 stocks is $72 billion,

demonstrating a comprehensive

and positive picture of the

Australian cleantech sector.

The strong long-term performance

of the cleantech sector signals its

resilience and growing potential for

a future low carbon, post-COVID

economy.


Executive SummaryWelcome to the Deloitte Australia CleanTech (DACT) Index Quarterly

Performance Report for 31 March 2021.

John O’Brien

Partner | Financial Advisory

Energy Transition & Decarbonisation

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The cleantech sector is split into a number of sub-sectors, detailed above. Each of the sub-sectors contains

technologies and solutions with both environmental and economic benefits.

The cleantech sector is fundamentally different to Socially Responsible Investments (SRI) or Environmental, Social

and Governance (ESG) performance. SRI and ESG look at incremental improvements in company performance and

can be seen as ‘operational hygiene’ measures that find the best in class. Cleantech focuses on companies whose

output positively enhances the communities and ecologies in which they reside. It is about doing ‘more good’

rather than ‘less bad’.

There are currently 89 companies falling under the coverage of the Index: Renascor Resources Ltd (RNU) and

American Pacific Borates Ltd (ABR) were added to the list and BuildingIQ (BIQ), Algae.Tec (AEB) and Infigen Energy

(IFN) are no longer part of the index. BuildingIQ is currently suspended from official quotation under Listing Rule

17.6, Algae.Te (now known as Affinity Energy and Health Ltd) is now focused on health and wellbeing with the

production of algae and medicinal cannabis, and Infigen Energy has been delisted after its acquisition by Spanish

renewable energy firm Iberdola under Listing Rule 17.4. The index combined market capitalisation of $72 billion

presents a comprehensive picture of the Australian cleantech sector in a single measure.

To provide a focus on the performance of the larger, more liquid stocks, we also track the performance of the

largest twenty companies by market capitalisation. The composition of the DACT20 is rebalanced every quarter and

highlights any differences between the smaller and larger stocks.

The cleantech sector in AustraliaStocks with both environmental and economic benefits

Cleantech subsectors

SolarSolar thermal,

traditional photovoltaics,

concentrating photovoltaics,

nanotechnologies

Biogas GenerationBiomass digester gas,

landfill gas, biosyngas,

waste-to-energy

Smart Grid & Energy

EfficiencyDemand response, grid

management, peer-to-peer

trading, energy efficiency,

home automation, IoT

WindOnshore, offshore, urban,

turbines, developers, tower

and blade manufacturers,

community wind farms

Energy Storage

& Fuel CellsEnergy storage systems,

batteries, pumped hydro,

fuel cell technologies

Green BuildingsGreen building design,

precinct design, products

and services, rating systems

and building management

BiofuelCorn ethanol, sugar ethanol,

cellulosic ethanol, biodiesel,

algae production, biotech

providers

Vehicle TechnologiesHybrid, plug-in hybrid, flex

fuel, hydrogen and electric

vehicles, recharging and

refuelling infrastructure

BiomaterialsOrganically based materials

and plastics, energy

materials and green

chemistry

Wave, Tidal, HydroSurface and submerges

wave technologies, tidal,

major and mini-hydro,

pumped storage schemes

WaterUtility management,

treatment technologies,

desalination, water reuse,

sensor technologies, water

efficiency

Carbon TradingEnvironmental offsets,

carbon farming, soil

management, livestock

management and carbon

trading

Sustainable MineralsSustainable mining and

recycling of minerals for

renewable energy and

battery storage technologies

Waste Management

RecyclingResidential and industrial

waste collection and

disposal, recycling

operations

Environmental Service

ProvidersEnvironmental engineering,

specialist service and

equipment providers

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Market wrap –

31 March 2021

The performance of the DACT Index over the March 2021 quarter is detailed below.


% Change Last Quarter 12 Months 3 Years 5 Years

ASX200 3.1% 33.8% 24.7% 42.3%

DACT Index (4.6%) 64.8% 49.7% 105.0%

DACT20 (5.7%) 61.3% 55.8% 115.6%

90

110

130

150

170

190

210

230

250

270

Dec 2

015

Mar

2016

Jun 2

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Sep 2

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016

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2017

Jun 2

017

Sep 2

017

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017

Mar

2018

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018

Sep 2

018

Dec 2

018

Mar

2019

Jun 2

019

Sep 2

019

Dec 2

019

Mar

2020

Jun 2

020

Sep 2

020

Dec 2

020

Mar

2021

Index V

alu

e

Deloitte Australian CleanTech IndexIndices set at 100 at 31 Dec 2015

ASX200 CleanTech Index Australian CleanTech 20

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Focus Company: Sims LimitedWorld leading metal recycler

Founded in 1917, Sims Limited is a world

leading metal and electronics recycler, and

an emerging leader in the municipal

recycling and renewable energy

industries.

Its five business divisions include metal

recycling, electronic lifecycle services,

municipal recycling, resource renewal and

renewable bioenergy.

Its service offerings are geographically

diverse, with 4,000 employees operating

from more than 200 facilities across 15

countries.

Sims’ purpose, create a world without

waste to preserve our plant, is what drives

it to innovate and offer new solutions in the

circular economy.

Last year Sims Resource Renewal, a division of Sims

Limited, announced a global programme to divert from

landfill one million tonnes of material left over from

metal recycling.

This material will be used as input for new products such

as construction materials, hydrogen and recycled plastics.

By 2030, resource renewal facilities are targeted to be

operating globally, with the first facility proposed for

Campbellfield in Victoria.

1. Sims Limited CEO Succession

August 2017 saw the announcement of the appointment

of Alistair Field as Managing Director and CEO.

2. Acquisition of Morley Recycling Businesses

In March 2018 Sims Limited announced the acquisition

of Morley Recycling businesses in the United Kingdom.

Adding 10 more metal recycling facilities as part of

SGM’s UK growth strategy.

4. Strategic Growth Plan

In April 2019 Sims Limited announced its strategic

growth plan detailing opportunities in its existing metals

recycling and electronic lifecycle services businesses, as

well as the plan to establish new businesses that will

reduce landfill and produce renewable energy.

3. Acquisition of Sims Pacific Metals

In June 2018 Sims Limited acquired the remaining 50%

of Sims Pacific Metals from Fletcher Buildings for NZ$42

million. The solely cash funded acquisition took SGM’s

ownership to 100%.

Metal recycling facility Source: Sims Sustainability Report 2020

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5. Acquisition of Alumisource

In February 2021 Sims Limited acquired Alumisource, a

leading aluminium processor and provider of furnace

ready product for end customers. A key milestone

towards the strategic target of growing non-ferrous

retail volumes.

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Positive contributions to

the DACT Index

Over the last quarter, only 56 of the 89

companies positively contributed to the

DACT Index. The top three positive

contributors to the Index during this

quarter were Reece, Piedmont Lithium

and American Pacific Borates.

Reece (ASX: REH) is a distributor of

plumbing, bathroom, heating, ventilation,

waterworks, air conditioning and

refrigeration products in Australia, New

Zealand and the US. Reece Limited

activities include wholesale, imports,

distribution, marketing and retail.

Piedmont Lithium Limited (ASX: PLL) is an

Australian company engaged in

identifying, acquiring and exploring

resource projects. The current focus is the

Piedmont Lithium Project located in North

Carolina, US which has an estimated NPV

of $1.45 billion.

American Pacific Borates (ASX: ABR) is a

specialty fertiliser developer. ABR is

currently aimed on advancing its 100%

owned Fort Cady Borate Project located in

Southern California, USA. The Fort Cady

project is the largest known contained

borate occurrence in the world that is not

owned by the two major borate producers

Rio Tinto and Eti Maden.

The companies that recorded the largest

percentage share price increases for the

three months to 31 March 2021 were:

• BlackEarth Minerals 244.4%

• EcoGraf Limited 244.1%

• RedFlow 183.3%

Table 1: Largest positive contributions to the

DACT Index in the March 2021 quarter

Table 2: Largest share price increases in the

March 2021 quarter

Company

Change in

Market Cap

Contribution

($m)

CompanyShare Price

Performance

Reece 1,512 BlackEarth Minerals 244.4%

Piedmont Lithium Ltd 640 EcoGraf Limited 244.1%

Tilt Renewables 384 RedFlow 183.3%

Bingo Industries 379 Carnegie Clean Energy 175.0%

Reliance Worldwide Corp 345 Environmental Group 174.2%

Novonix 334 Mpower Group Ltd 159.6%

Sims Limited 280 Bass Metals 157.1%

Australian Ethical Investment 230 Piedmont Lithium Ltd 126.0%

Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ


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Negative contributions to

the DACT Index

Table 3: Largest negative contributions to the

DACT Index in the March 2021 quarter

Table 4: Largest share price decreases in the

March 2021 quarter

Company

Change in

Market Cap

Contribution

($m)

CompanyShare Price

Performance

Meridian Energy (5355) Carly Holdings Limited (46.2%)

Contact Energy (1614) 1414 Degrees (33.3%)

Nanosonics (701) EnviroSuite (29.7%)

Mercury NZ (355) Nanosonics (29.0%)

Cleanaway Waste (309) Meridian Energy (28.2%)

EnviroSuite (56) Contact Energy (25.2%)

Buddy Platform (35) Metro Performance Glass (25.0%)

New Energy Solar (30) Aeris Environmental (24.6%)

Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ


The largest negative contribution on a

market capitalisation basis to the DACT

Index for the 2021 March quarter came from

Meridian Energy.

Following a record high at the start of the

year, investors sold down their Meridian

shares towards the end of the quarter.

Both Meridian and Contact Energy’s

renewable energy stocks have been volatile

with the looming decision by BlackRock to

sell over $1 billion worth of shares in both

companies.

The companies that recorded the largest

percentage share price decreases for the

2021 March quarter were Carly Holdings

Limited and 1414 Degrees.

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Sub-indices performance


To allow a more granular analysis of the DACT Index, a number of sub-indices have been developed. The

performance of these sub-indices over the last five financial years and during 3Q of FY2021 is shown in the table and

charts below.

% Change Last Quarter 12 Months 3 Years 5 Years

Renewable Energy (20.4%) 31.8% 72.0% 100.0%

Water 14.1% 75.9% 25.8% 124.8%

Waste 3.7% 58.5% 20.7% 106.8%

Sustainable Minerals 43.7% 301.3% 4.9% N/A

Efficiency & Energy Storage (3.2%) 69.3% 43.1% 86.8%

The performance of the DACT Index over the March 2021 quarter is detailed below.

(40.0%)(20.0%) - 20.0% 40.0% 60.0%

Deloitte Australian CleanTech IndexSub-Indices Performance 3Q FY2021

Efficiency & Energy

Storage

Sustainable Minerals

Waste

Water

Renewable Energy

0

50

100

150

200

250

300

Dec 2

015

Mar

2016

Jun 2

016

Sep 2

016

Dec 2

016

Mar

2017

Jun 2

017

Sep 2

017

Dec 2

017

Mar

2018

Jun 2

018

Sep 2

018

Dec 2

018

Mar

2019

Jun 2

019

Sep 2

019

Dec 2

019

Mar

2020

Jun 2

020

Sep 2

020

Dec 2

020

Mar

2021

Index V

alu

e

Deloitte Australian CleanTech IndexIndices set at 100 at 31 Dec 2015

Renewable

Energy

Water

Waste

Sustainable

Minerals

Efficiency &

Energy Storage

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DACT20 Index


The 20 largest Index constituents by market capitalisation on 31

March 2021 are provided in the table below. These companies will

form the constituents of the DACT20 until the Index is rebalanced

again on 30 June 2021.

Each of the constituents in the DACT20 has a market capitalisation of

more than $380m with an average market capitalisation of $3.2

billion.

Market Cap Ranking Company Ticker

1 Meridian Energy MEZ

2 Reece REH

3 Mercury NZ MCY

4 Contact Energy CEN

5 Cleanaway Waste CWY

6 Reliance Worldwide Corp RWC

7 Sims Limited SGM

8 Tilt Renewables TLT

9 Bingo Industries BIN

10 Nanosonics NAN

11 Orocobre ORE

12 Galaxy Resources GXY

13 Piedmont Lithium Ltd PLL

14 Australian Ethical Investment AEF

15 Novonix NVX

16 American Pacific Borates Ltd ABR

17 Ioneer INR

18 Syrah Resources SYR

19 Beacon Lighting Corp BLX

20 Jervois Mining JRV

DACT20 Component Companies on 31 March 2021

11

Companies included in the DACT

Index as at 31 March 2021


Rank

Mar-21Code Company Subsector

Share Price Share Price Mkt Cap Mkt Cap Quarterly

Market Cap

Change

Quarterly Share

Price

Performance Dec-20 Mar-21 Dec-20 Mar-21

$ $ ($m) ($m) ($m) (%)

1 MEZ Meridian Energy Renewable Energy 7.10 5.10 19,009 13,654 (5,355) (28.2%)

2 REH Reece Water 14.80 17.14 9,561 11,072 1,512 15.8%

3 MCY Mercury NZ Renewable Energy 6.27 6.02 8,898 8,544 (355) (4.0%)

4 CEN Contact Energy Renewable Energy 8.61 6.44 6,402 4,789 (1,614) (25.2%)

5 CWY Cleanaway Waste Waste 2.35 2.20 4,836 4,527 (309) (6.4%)

6 RWCReliance Worldwide

CorpWater 4.05 4.49 3,172 3,516 345 10.9%

7 SGM Sims Limited Waste 13.45 14.84 2,705 2,984 280 10.3%

8 TLT Tilt Renewables Renewable Energy 6.00 6.96 2,400 2,785 384 16.0%

9 BIN Bingo Industries Waste 2.44 3.02 1,596 1,976 379 23.8%

10 NAN Nanosonics Efficiency & Energy Storage 8.03 5.70 2,417 1,716 (701) (29.0%)

11 ORE Orocobre Sustainable Minerals 4.47 4.76 1,538 1,638 100 6.5%

12 GXY Galaxy Resources Sustainable Minerals 2.23 2.53 1,124 1,275 151 13.5%

13 PLL Piedmont Lithium Ltd Sustainable Minerals 0.37 0.83 508 1,147 640 126.0%

14 AEFAustralian Ethical

InvestmentOthers 5.03 7.08 565 796 230 40.8%

15 NVX Novonix Efficiency & Energy Storage 1.21 2.16 425 759 334 78.5%

16 ABRAmerican Pacific

Borates LtdSustainable Minerals 0.00 1.86 0 595 595 hide row

17 INR Ioneer Sustainable Minerals 0.28 0.34 472 573 101 21.4%

18 SYR Syrah Resources Sustainable Minerals 0.96 1.05 458 499 41 8.9%

19 BLX Beacon Lighting Corp Efficiency & Energy Storage 1.68 1.78 375 396 21 5.7%

20 JRV Jervois Mining Sustainable Minerals 0.39 0.49 309 384 75 24.4%

21 CXL Calix Efficiency & Energy Storage 1.08 2.16 160 321 161 100.9%

22 NEW New Energy Solar Renewable Energy 0.87 0.78 307 277 (30) (9.8%)

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Rank



Market Cap

Change

Quarterly

Share Price


$ $ ($m) ($m) ($m) (%)

23 CLQ CleanTeQ Water 0.25 2.91 203 258 55 16.4%

24 SFG Seafarms Group Others 0.09 0.09 208 225 17 8.1%

25 MNS Magnis Resources Sustainable Minerals 0.20 0.30 146 219 73 50.0%

26 EGR EcoGraf Limited Sustainable Minerals 0.17 0.59 62 213 151 244.1%

27 NMT Neometals Sustainable Minerals 0.28 0.37 150 202 52 34.5%

28 RNURenascor Resources

LtdSustainable Minerals 0.00 0.11 0 183 183 hide row

29 PPG Pro-Pac Packaging Efficiency & Energy Storage 0.20 0.20 162 162 0 -

30 D2O Duxton Water Water 1.41 1.35 168 161 (7) (3.9%)

31 PET

Phoslock

Environmental

Technologies

Water 0.25 0.25 153 153 0 -

32 SES SECOS Group Efficiency & Energy Storage 0.20 0.28 107 147 40 37.5%

33 HZR Hazer Group Efficiency & Energy Storage 0.81 1.00 117 145 28 24.2%

34 LER Leaf Energy Others 0.04 0.09 67 140 73 109.1%

35 EVS EnviroSuite Others 0.19 0.13 190 133 (56) (29.7%)

36 FLC Fluence Corp Water 0.23 0.21 141 131 (9) (6.7%)

37 SDV SciDev Waste 0.81 0.83 124 126 2 1.9%

38 VMT Vmoto Others 0.44 0.45 122 123 1 1.1%

39 FGR First Graphite Sustainable Minerals 0.25 0.22 131 116 (16) (12.0%)

40 BUD Buddy Platform Efficiency & Energy Storage 0.05 0.04 150 115 (35) (23.1%)

41 GNX Genex Power Renewable Energy 0.24 0.22 120 110 (10) (8.5%)

42 COB Cobalt Blue Holdings Sustainable Minerals 0.18 0.38 44 91 47 108.3%

43 LIT Lithium Australia Sustainable Minerals 0.07 0.12 52 91 39 74.2%

44 GAP Gale Pacific Efficiency & Energy Storage 0.36 0.33 99 90 (10) (9.7%)

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Rank



Market Cap

Change

Quarterly

Share Price


$ $ ($m) ($m) ($m) (%)

45 BKT Black Rock Mining Sustainable Minerals 0.10 0.13 68 89 21 30.2%

46 RFX RedFlow Efficiency & Energy Storage 0.02 0.07 29 82 53 183.3%

47 LPILithium Power

International Sustainable Minerals 0.22 0.27 66 79 13 20.5%

48 OEC Orbital Corporation Others 1.16 1.00 90 78 (12) (13.8%)

49 WOA Wide Open Agriculture Others 0.89 0.70 94 73 (21) (21.9%)

50 AVL Australian Vanadium Sustainable Minerals 0.01 0.03 41 73 32 78.6%

51 EDE Eden Innovations Efficiency & Energy Storage 0.03 0.03 52 71 19 36.0%

52 CPV Clearvue Technologies Renewable Energy 0.32 0.44 47 64 18 37.5%

53 QTM Quantum Energy Renewable Energy 0.07 0.06 74 64 (10) (13.6%)

54 CCE Carnegie Clean Energy Renewable Energy 0.00 0.01 23 62 40 175.0%

55 HRL HRL Holdings Renewable Energy 0.14 0.12 69 59 (10) (14.3%)

56 BLG Bluglass Efficiency & Energy Storage 0.09 0.08 65 59 (6) (8.9%)

57 MPPMetro Performance

GlassEfficiency & Energy Storage 0.42 0.32 76 57 (19) (25.0%)

58 ACW Actinogen Others 0.02 0.04 30 57 26 85.7%

59 AEI Aeris Environmental Others 0.31 0.23 74 56 (18) (24.6%)

60 TMTTechnology Metals

AustraliaSustainable Minerals 0.33 0.37 49 55 7 13.8%

61 IGEIntegrated Green

Energy SolutionsWaste 0.13 0.13 54 54 0 -

62 KPO Kalina Power Renewable Energy 0.04 0.05 43 54 10 23.7%

63 RFT Rectifier Technologies Efficiency & Energy Storage 0.04 0.04 52 52 0 -

64 TON Triton Minerals Sustainable Minerals 0.05 0.04 58 50 (8) (13.7%)

65 DEM De.Mem Water 0.23 0.27 40 47 7 17.4%

66 BAT Battery Minerals Sustainable Minerals 0.02 0.02 41 47 6 15.0%

14




Rank


Share Price Share Price Mkt Cap Mkt Cap Quarterly Ma

rket Cap

Change

Quarterly Share

Price

PerformanceDec-20 Mar-21 Dec-20 Mar-21

$ $ ($m) ($m) ($m) (%)

67 PO3 Purifloh Ltd Water 1.44 1.17 45 37 (9) (18.8%)

68 BSM Bass Metals Sustainable Minerals 0.00 0.01 14 36 22 157.1%

69 14D 1414 Degrees Efficiency & Energy Storage 0.27 0.18 54 36 (18) (33.3%)

70 PWN Parkway Minerals NL Water 0.01 0.02 20 31 12 60.0%

71 VRC Volt Resources Sustainable Minerals 0.01 0.01 22 30 9 40.0%

72 MVL Graphex Mining Sustainable Minerals 0.05 0.06 26 28 2 7.8%

73 BEM BlackEarth Minerals Sustainable Minerals 0.05 0.16 8 28 20 244.4%

74 VPR Volt Power Group Efficiency & Energy Storage 0.00 0.00 28 28 (0) -

75 PG1 Pearl Global Waste 0.10 0.08 34 27 (7) (21.1%)

76 CG1 Carbonxt Others 0.17 0.16 24 22 (1) (5.9%)

77 EGL Environmental Group Others 0.03 0.09 8 22 14 174.2%

78 MPR Mpower Group Ltd Renewable Energy 0.05 0.14 8 21 13 159.6%

79 TTI Traffic Technologies Efficiency & Energy Storage 0.04 0.04 19 20 1 7.7%

80 PPY Papyrus Australia Waste 0.05 0.04 23 18 (5) (22.2%)

81 NC6 Nanollose Waste 0.05 0.11 6 12 6 94.4%

82 RGI Roto-Gro International Others 0.06 0.05 14 12 (2) (14.3%)

83 KTE K2 Energy Renewable Energy 0.04 0.04 11 12 1 11.1%

84 EAX Energy Action Efficiency & Energy Storage 0.29 0.38 8 10 2 31.0%

85 SIS Simble Sense Efficiency & Energy Storage 0.03 0.04 8 10 2 22.6%

86 POW Protean Wave Energy Renewable Energy 0.01 0.01 8 8 1 8.3%

87 RAN Range International Waste 0.02 0.02 7 8 1 21.1%

88 RNE ReNu Energy Renewable Energy 0.04 0.08 4 8 4 92.5%

89 CL8 Carly Holdings Limited Others 0.20 0.11 11 6 (5) (46.2%)

15

Compilation of the DACT Index

Compilation of the DACT Index

The quarterly DACT Index is compiled from

publicly available information provided by the

ASX on the share prices and market

capitalisation of each cleantech listed

company.

A company is included on the DACT

Index if the majority of its revenues are from a

recognised cleantech sub-sector.

The information on cleantech listed

companies is extracted to provide a market

capitalisation weighted share price index

for all cleantech companies, broadly

in line with the methodology adopted for

the compilation of the ASX 200 Index.

The impact of dividends and capital returns

has been excluded from the DACT Index.

The base period of the DACT Index

is 31 December 2015, and for the purposes of

the Index this month is given a notional value

of 100. If a company has been delisted during

a particular period, no data will be included

for that month and all subsequent months

until the company is relisted. Historical

information regarding the company will

continue to be included in the calculation of

the DACT index.

The positive and negative contributions to the

DACT Index are determined on the basis of a

company’s size by market capitalisation

relative to the total size of the index and its

share price performance from the time the

firm was added to the DACT Index.

About Deloitte Energy Team

As one of Australia’s leading professional

services firms, Deloitte Touche Tohmatsu and

its affiliates provide audit, tax, consulting and

financial advisory services through

approximately 9,000 people across the

country.

Deloitte’s Energy & Climate Advisory team has

the experience and expertise to help the

energy industry face the challenges of today

and tomorrow. We have a diverse team of

experts from a wide range of backgrounds,

including networks, retailers, regulators and

government.

We know the market, and have helped many

energy sector participants, new entrants,

investors, large consumers and governments

with a diverse range of solutions, including

strategy, forecasting, planning and both

financial and energy market modelling.

Disclaimer of liability

This Index has been prepared as general

information only and does not consider the

specific objectives, situation or needs of

anyone including any member of its

target audience. You should not rely on the

information in the DACT Index or disclose it or

refer to it in any document.

Deloitte does not accept any duty of care or

liability to anyone regarding this Index or any

of its content and we are not responsible to

anyone for any loss suffered in connection

with the use of this Index or any of its content.

We make no representation or warranty about

the accuracy of the information in the Index.

Circumstances might have changed since the

date this Index was prepared.

For more information regarding the

Deloitte Australia CleanTech Index,

please contact:

John O’Brien

Partner, Energy Transition &

Decarbonisation

Financial Advisory

Tel: +61 419 826 372

e-mail: [email protected]


16

Contact us


Please feel free to contact any of the following to discuss how we can achieve your Energy Transition goals:

John O’Brien

Partner, Energy Transition

Financial Advisory

T: 0419 826 372

E: [email protected]

Sandra James


Financial Advisory

T: 0408 799 360


Kumar Padisetti


Financial Advisory

T: 0412 199 065


Shari Boyd

Director

Energy Transition

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T: 0468 735 371


Emma Fishburn

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Elizabeth Boylan

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Rachel Leaver

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Alex Oeser

Director

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Deloitte Access Economics

T: 0438 187 332


Marc Tutaan

Associate Director

Energy Transition

Deloitte Access Economics

T: 9322 7370


17

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